Current Affairs 08 December 2022

CONTENTS

1. RBI hikes key interest rate by 35 bps
2. Cyclone Mandous
3. Conjugal rights
4. Scheduled Castes quota benefits for Dalit converts
5. Mahaparinirvan Diwas

RBI Hikes Key Interest Rate By 35 BPS

Context:

Signalling a further rise in lending and deposit rates, the Monetary Policy Committee (MPC) of the Reserve Bank of India on Wednesday (December 7) hiked the key policy rate, the repo rate or the rate at which the RBI lends funds to banks, by 35 basis points to 6.25 per cent in a bid to rein in retail inflation.

• The MPC also lowered its growth forecast to 6.8 per cent from 7 per cent for the current financial year amid concerns over the “bleak” global economic outlook, and retained its retail inflation forecast at 6.7 per cent.

Relevance:

GS III- Indian Economy

Dimensions of the Article:

1. Instruments of Monetary Policy
2. Why did the Monetary Committee raise the rate?
3. What will be the impact?
4. What does the Repo rate hike mean?
5. About Monetary Policy Committee (MPC)

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Cyclone Mandous

Context:

Recently, it has been reported that a cyclone may impact the Tamil Nadu and Puducherry coasts from 8th December 2022 onwards.

Relevance:

GS-I: Geography (Physical geography – Climatology, Important Geophysical phenomena), GS-III: Disaster Management

Dimensions of the Article:

1. What is Cyclone Mandous?
2. What are Tropical Cyclones?
3. Conditions for cyclone formation:
4. How are Tropical Cyclones Formed?
5. Why tropical cyclones don’t form in the eastern tropical oceans?
6. Names of Tropical Cyclones
7. Structure of the tropical cyclone
8. Landfall, what happens when a Cyclone reaches land from the ocean?
9. Cyclone Management in India

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Conjugal Rights

Context:

The State of Punjab has furthered the cause of right to life and personal liberty of prisoners by allowing conjugal visits for inmates. It is expected that this initiative will lead to strengthening of matrimonial bonds and also ensure good conduct of prisoners.

Relevance:

GS II: Polity and Governance

Dimensions of the Article:

1. What are conjugal rights?
2. What are the judicial views?
3. Punjab model

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Scheduled Castes Quota Benefits for Dalit Converts

Context:

The Supreme Court said it would examine the question whether the court should wait for the report of the Justice K.G. Balakrishnan Commission or go ahead and hear a series of petitions seeking Scheduled Castes quota benefits for Dalit converts to other religions, primarily Christianity.

Relevance:

GS II: Government Policies and Interventions

Dimensions of the Article:

1. Who all are included in the Constitution Order of 1950?
2. Why don’t Dalits who convert to Christianity and Islam get quota benefits?
3. Does this religion-based bar apply to converted STs and OBCs as well?
4. What efforts have been made to include Muslims and Christians of Dalit origin among SCs?

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Mahaparinirvan Diwas

Context:

Recently, the Prime Minister paid homage to Dr. Babasaheb Ambedkar on Mahaparinirvan Diwas and recalled his exemplary service to our nation.

Relevance:

GS II- History

Dimensions of the Article:

1. What is Mahaparinirvan Diwas?
2. About B R Ambedkar
3. Contributions

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